Boris Johnson’s government WILL step in to help customers facing rocketing energy bills and Prime Minister will personally take part in crisis meetings on the issue next week
Ministers have concluded that ‘something needs to be done’ before prices rise on April 1 as the price cap is increased, but have not yet decided what form this will take.
According to Sky News, the Prime Minister will personally take part in meetings on the energy crisis next week.
The measures will mean the spending of additional funds from the Treasury, which has already shelled out billions during the coronavirus pandemic.
An announcement of what measures are to come is expected on or before February 7, which is the date that energy watchdog Ofgem will announce the scale of the hike in the price cap.
This will then be in place from April until September.
However, it is expected that householders will be hit with an increase of around £600 a year, meaning annual bills could be in excess of £1,877.
A source told Sky News: ‘It would be ideal if we could announce something before 7 February,’ said a government source.
‘Ministers are acutely aware of the 1 April issue.’